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Updated over 9 years ago,

Bill Manassero's profile image
Bill Manassero's profile image
Bill Manassero
  • Rental Property Investor
  • from Mission Viejo, CA
  • Member since Dec 26, 2014
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User Stats

230
Posts
113
Votes
Bill Manassero's profile image
Bill Manassero's profile image
Bill Manassero
  • Rental Property Investor
  • from Mission Viejo, CA
  • Member since Dec 26, 2014
Connect
Bill Manassero
  • Rental Property Investor
  • Mission Viejo, CA
113
Votes |
230
Posts
Multi-Family and Apartment Investing

Non-Metered Utilities for Potential Apartment Purchase

Bill Manassero
  • Rental Property Investor
  • Mission Viejo, CA
Posted

I'm currently looking at a 40-unit apartment in Indiana but one of the bigger pitfalls is that landlord pays all utilities.  The broker gave me a utility estimate of $5,000 per month (E-$2,000/mo, W=$2,000/mo, G=$1,800/mo) but I don't know how realistic that is.  Also, to separately meter each unit sounds very expensive.  Any thoughts/comments/recommendations?

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